Tuesday, February 25, 2020

PSA : Meralco lowers electricity rates from February 2020

Couldn't believe my eyes! Just saw this post that shows how our power rate has went down. Is this real?

We've been monitoring our electric consumption and total bill and believe me, just when I thought we're paying a lot during our pre-baby days, the bill has shot up from the time I had my twins as we would have the aircon on almost 24 hours in a day. Today, at least we can still turn it off during the day and would just turn it back on during their naptime and later on, during bed time. Nonetheless, our bill has always been somewhere close to P10,000 or even beyond that.

Probably, this will be the month wherein I won't be scared to open the envelope that has our electricity bill. With the lowered rate and the coming summer months, my twins can enjoy their air-conditioned room without us fearing that our bill will go over the roof. In fact, for the second month in a row, the Manila Electric Company (Meralco) announced a decrease in power rates for February.

Power PH Infographics1
The overall rate for a typical household consuming 200kWh decreased by P0.59 to P8.86 per kilowatt hour (kWh), its lowest level in two years, from last month’s P9.45 per kWh. Such a household will see a decrease of around P118 for their total electricity bill this month.

The reduction is mainly due to a lower generation charge after the implementation of new Power Supply Agreements (PSAs) starting last December 26.

Power PH Infographics2
The back-to-back rate decreases to start the year total to P1.00 per kWh and goes against the usual trend of February rates increasing, as seen in the previous five years.

Power PH Infographics3
The generation charge for February decreased to P4.51 per kWh thanks to Meralco’s prudent and strategic partnerships with power suppliers and the resulting new PSAs, such as San Miguel Energy Corporation, South Premiere Power Corporation, and AC Energy, who charge a lower generation cost. Charges from the Wholesale Electricity Spot Market (WESM) were also lower this month.

These lower prices from the new PSAs and the WESM—which accounted for 44% of the total supply—offset the cost of power from Meralco’s Independent Power Producers and old PSAs, which increased to P5.29 per kWh.

With these new PSAs providing lower generation costs, the public can expect consistently low power bills with energy-efficient use of appliances and devices at home, allowing for a bigger budget for other household and family needs.

Energy efficiency tips for customers

As we approach the summer months, Meralco shares some tips to be energy efficient at home to help manage your electricity consumption, such as:
- Such as unplugging appliances when not in use to avoid “phantom load”
- Using the aircon at mid-setting or at 25 degrees Celsius
- Using a power board or strip which can supply power to several appliances at once
- Maximizing natural light during daytime
- Keeping appliances well-maintained to ensure optimal performance.

Watch this video to learn how Meralco has lowered our power rate:


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